# OPEC cuts global oil demand growth forecasts, citing US tariffs

> OPEC's monthly report cut its 2025 and 2026 world oil demand growth forecasts by 150,000 bpd each, to 1.30 million bpd and 1.28 million bpd. The group attributed the downgrade to US tariffs. Brent traded near $66 after the release.

- Date: 2025-04-14 · published 2025-04-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25325-opec-cuts-global-oil-demand-growth-forecasts-citing-us-tariffs
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker demand outlook points to softer crude and fuel prices, which lowers energy costs for the feed supply chain. It also reinforces bearish sentiment in energy-linked commodities.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-08-12 | [OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike \| Reuters](https://feedsoft.ai/events/28695-opec-cuts-oil-demand-growth-forecast-highlighting-dilemma-over-oct-hike-reuters.md) | +0.3% | -10.5% |
| BRENT | 2024-12-11 | [OPEC makes fifth and biggest cut to 2024 oil demand growth forecast \| Reuters](https://feedsoft.ai/events/27123-opec-makes-fifth-and-biggest-cut-to-2024-oil-demand-growth-forecast-reuters.md) | +0.4% | +6.5% |
| BRENT | 2021-03-31 | [OPEC cuts global oil demand estimates ahead of production decision](https://feedsoft.ai/events/48043-opec-cuts-global-oil-demand-estimates-ahead-of-production-decision.md) | -1.9% | +5.4% |
| BRENT | 2018-02-12 | [OPEC hikes 2018 forecast for oil supply growth on a flood of US crude](https://feedsoft.ai/events/66425-opec-hikes-2018-forecast-for-oil-supply-growth-on-a-flood-of-us-crude.md) | +2.6% | +3.9% |
| BRENT | 2020-09-15 | [IEA Cuts Oil Demand Forecast On More Fragile Outlook \| OilPrice.com](https://feedsoft.ai/events/51282-iea-cuts-oil-demand-forecast-on-more-fragile-outlook-oilprice-com.md) | +4.6% | +5.2% |
| WTI | 2024-08-12 | [OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike \| Reuters](https://feedsoft.ai/events/28695-opec-cuts-oil-demand-growth-forecast-highlighting-dilemma-over-oct-hike-reuters.md) | -0.3% | -10.9% |
| WTI | 2024-12-11 | [OPEC makes fifth and biggest cut to 2024 oil demand growth forecast \| Reuters](https://feedsoft.ai/events/27123-opec-makes-fifth-and-biggest-cut-to-2024-oil-demand-growth-forecast-reuters.md) | +2.1% | +7.6% |
| WTI | 2021-03-31 | [OPEC cuts global oil demand estimates ahead of production decision](https://feedsoft.ai/events/48043-opec-cuts-global-oil-demand-estimates-ahead-of-production-decision.md) | -1.3% | +5.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-cuts-2025-global-oil-demand-growth-forecast-citing-us-tariffs-2025-04-14/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.